Apple may unveil next iPad by June 2011, Goldman says

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By Adam Satariano and Weiyi Lim
(c) 2010 Bloomberg News
Tuesday, September 28, 2010; 12:58 AM

Sept. 28 (Bloomberg) -- Apple Inc., which sold more than 3 million iPads in the first 80 days after the tablet's debut, may introduce a new version in the second quarter of 2011, according to analysts at Goldman Sachs Group Inc.

The new iPad with a 9.7 inch display may be thinner and lighter, with a built-in camera and mini USB drive, according to the Sept. 27 report by analysts including Hong Kong-based Henry King. Hon Hai Precision Industry Co., the world's largest contract maker of electronics, will likely be the supplier, the analysts wrote.

The iPad touchscreen computer has become one of the Cupertino, California-based company's top-selling products in its first year on the market. The tablet faces competition from similar products by Hewlett-Packard Co., Samsung Electronics Co. and Research In Motion Ltd., which unveiled a 7-inch device yesterday.

Sales of such tablet computers could reach 16 million units this year and 35 million in 2011, according to Goldman Sachs.

The creation of a smaller 7-inch version of the iPad hasn't been finalized, the analysts said. Natalie Kerris, a spokeswoman for Apple, declined to comment.

Apple fell $1.16 to $291.16 in Nasdaq Stock Market trading yesterday. The shares have risen 38 percent this year.

Last quarter, iPads accounted for $2.17 billion, or 12 percent, of Apple's overall sales, more than the nine-year-old iPod. The iPad went on sale in April.

© 2010